Samsung tips record Q4 operating profit of $4.5bn

January 6, 2012
Samsung Electronics said Friday it expects a record operating profit in the fourth quarter of 5.2 trillion won ($4.5 billion), 73 percent up year-on-year thanks mainly to strong smartphone sales.

Samsung Electronics said Friday it expects a record operating profit in the fourth quarter of 5.2 trillion won ($4.5 billion), 73 percent up year-on-year thanks mainly to strong smartphone sales.

The South Korean firm, the world's largest maker of flat panels, and flat-screen televisions, was publishing its earnings guidance before official results are released later this month.

It estimated sales of 47 trillion won in October-December, a 12 percent rise from a year earlier.

The company gave no specific details in its earnings guidance and did not predict net profit. It said estimates may differ from the results because it has not completed an audit.

Analysts cited by Dow Jones Newswires said the company benefited from better sales of mobile phones and high-end televisions in the fourth quarter, despite falling prices for chips and flat panels.

They said the recent sealing of a deal to sell Samsung's business to for $1.4 billion in cash and shares also boosted overall income.

In the third quarter, the company achieved an operating profit of 4.25 trillion won on sales of 41.27 trillion.

Explore further: Samsung expects strong 3rd-quarter profit

Related Stories

Samsung expects strong 3rd-quarter profit

October 6, 2009

(AP) -- Samsung Electronics Co. said Tuesday that profit likely surged in the third quarter on higher sales, amid a brightening outlook for the world's largest manufacturer of computer memory chips and flat screen televisions.

Samsung 3Q earnings likely to fall from record

October 7, 2010

(AP) -- Samsung Electronics, the world's biggest seller of computer memory chips, forecast Thursday that third-quarter operating profit likely eased from the previous quarter's record high amid signs that growth in global ...

LG Electronics posts 2nd straight quarterly loss

April 27, 2011

(AP) -- LG Electronics reported its second straight quarterly loss, hit by investments in affiliates and falling sales, though the size of the red ink sharply narrowed amid improvement in its mobile phone and television ...

Samsung says 2nd-quarter operating profit fell

July 7, 2011

(AP) -- Samsung Electronics' profitability slumped in the second quarter as strong performance in fast-growing smartphones could not overcome weakness in liquid crystal displays.

LG Electronics 2Q net profit plunges, sales fall

July 27, 2011

(AP) -- LG Electronics, a top global manufacturer of mobile phones and flat-screen TVs, said second-quarter net profit plunged as sales declined and its mobile phone business remained in the red.

Recommended for you

Smallest 3-D camera offers brain surgery innovation

August 28, 2015

To operate on the brain, doctors need to see fine details on a small scale. A tiny camera that could produce 3-D images from inside the brain would help surgeons see more intricacies of the tissue they are handling and lead ...

Smart home heating and cooling

August 28, 2015

Smart temperature-control devices—such as thermostats that learn and adjust to pre-programmed temperatures—are poised to increase comfort and save energy in homes.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.